Shares of the electric outdoor power sports vehicles maker drew attention last week after it said that its board of directors ...

Mullen had acquired a majority interest in Bollinger, an electric-truck maker, in September 2022 for $148.2 million in cash ...

Mullen achieved greater revenue this quarter than in the previous two fiscal years combined. Cost-cutting measures implemented, resulting in a reduction of approximately $13M in annual cash spend.

During the three months ended Dec. 31, 2024, Mullen Automotive invoiced for 58 vehicles valued at $4.4 million and received $6.0 million in cash. Mullen Automotive reported a net loss ...

Also Read: Tesla Acquires German Tech Firm Manz Assets Amid Insolvency Furthermore, the Mullen THREE Class 3 truck is eligible for a cash voucher of up to $45,000 under the California Air ...

The announcement stated that Mullen expects to continue to reduce its monthly cash burn“with operating reductions throughout 2025 with the expectation to achieve breakeven on a cash basis by ...